REAL ESTATE AUCTION Travelodge Motel and 1.214 ACRES OF DEVELOPMENT LAND Vandalia, OH
Details
Inspections
March 14 & 15 10 AM - 2 PM; March 27: 2 PM - 5 PM;
March 28: 9 AM - 11 AM
Bid Deadline
Saturday, March 8 11:00 AM
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Details
Absentee Owner Orders Immediate Sale of Travelodge Motel & Development Land.
75 Room Unit in 5 Single Story Buildings with Exterior Corridors * Conference Room Capacity of 60 People * Swimming Pool * Exercise Room * Guest Laundry * 2 Bedroom Manager Apartment * Passed Travelodge Inspection in January 2007 * Travelodge Franchise Transferable for $5,000 * New Roof, Fire Panels, Smoke Alarm System, Telephone System, Computer Hardware * Vending Machines & Dishnet System Owned * Excellent Location for future Hilton Garden Inn, Hampton Inn, Holiday Inn Express, Courtyard by Marriott or Sheraton Brand. Also selling, 1.214 Acres of Development Land.
The property will be Offered in 3 Tracts:
Tract 1: 75 Unit Motel on 2.775 Acres of Land
Tract 2: 1.214 Acres of Development Land
Tract 3: The Entirety of Tracts 1 & 2.
Property will be sold whichever way brings the highest dollar.
Excellent Location across from the Dayton International Airport.
Currently offers free Airport Shuttle with phone in airport terminal
$70,000 Certified Funds due on day of auction for Tract 1, $10,000 Certified Funds down for Tract 2 on day of auction; balance due at closing on or before 30 days.
REAL ESTATE TERMS: 7% Buyer Premium
Real Estate selling subject to owner confirmation. Real Estate and Equipment is selling AS-IS, WHERE IS WITH NO WARRANTIES OR GUARANTIES EXPRESSED OR IMPLIED. See Bidders Kit for complete terms. In all transactions, Auctioneer is acting as an agent for the Seller. All information received from reliable sources believed to be correct but not guaranteed by auction company. Any announcement made at that auction takes precedence over any material published about this event. Valid Government issued photo ID required to obtain bidding number.
Maas Companies of Ohio Inc 63199671289, Hugh Miller, Curran Miller Auct. 57199773419, Br.000339274
Hotel van is not included in sale.
Broker Participation is welcome, but not required. A 2% Commission will be paid to the licensed broker who, 1 hour prior to the start of the auction, registers the bidder who pays for and settles for the real estate. A broker buying on his/her behalf, or on behalf of any business entity in which he holds an interest, is not entitled to a commission.
Re: REAL ESTATE AUCTION Travelodge Motel and 1.214 ACRES OF DEVELOPMENT LAND Vandalia, OH
To Whom It May Concern: Pursuant to your request, please sign and date this release to receive documents relating to the above noted property. The Seller did not prepare these documents and has no knowledge of their accuracy or completeness. None of the documents shall constitute a representation or warranty of any kind by Seller as to the accuracy or completeness of any information delivered. Accordingly, Seller expressly disclaims any responsibility therefor, including any consequences of any reliance by anyone on them. Please note that the documents and the information contained therein are confidential, and by acknowledging receipt, you agree to keep such information confidential and that you shall not, without the prior written consent of Seller, share any of the documents with anyone other than Potential Buyer and representatives of Potential Buyer who need such information for the purpose of evaluating the premises and who are informed of the confidential nature of the information and also agree to be bound by the terms of this confidentiality provision. By this acknowledgement, you further agree that you will return to me the originals and any copies of the materials forthwith upon demand if the contemplated transaction is not consummated. Please do not hesitate to contact our office with any questions you may have.
